Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm looking for advice on reading orderflow at the micro level.
I understand that you can't just watch trades being executed and take a trade anywhere, these things need to be considered in context (support and resistance), and not taken in a vacuum.
I'm looking to trade the ES intraday, marking support and resistance on a higher-time frame chart for context (30 minutes) and then taking trades on a smaller timeframe intraday chart such as a 6 range or 4 renko.
How do you visualise who is in control at the present moment? I want to understand how and why price moves, why it stops and who is trapped at any given moment.
I've attached a couple of charts below - Does anyone follow what he's trying to indicate and what the indicators are showing?
Can anyone point me in the right direction, please?
Thank-you,
Thomas
Can you help answer these questions from other members on NexusFi?
For the "how & why price moves" - I use the analogy of "floors & ceilings" to describe how market orders (well, actionable orders) consume liquidity in order for price to progress.
The first 20 or so minutes describes the mechanics of price movement.
Remember - there's always a lot of people doing a lot of different thing - so it's not an exact science, with exact answers all the time. It's about seeing things that tip the scales in your favor...
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
